Just Your Average 68-Year-Old College Freshman.
“Come come, my dears, you’re safe with me.”
Sometimes during freshman orientations, students are urged to open a checking account they’ve been led to believe is endorsed by their college. It isn’t. Meanwhile unusually nice people (recent grads, khakis and polos) invite newbies to sign up for plastic that carries an APR well above 20%. Apply today and get a lifetime membership at the campus tanning salon! Tell your friends!
Some for-profit colleges have been accused of pushing overpriced loans at kids who qualify for federal subsidized loans. Most education loans can’t be forgiven—oil companies and hedge funds can go bankrupt but students can’t.
The average U.S. college student graduates with slightly less than $30,000 in debt. We’re eating our young.
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